Notices Sent To Ranbaxy Laboratories, Cipla Ltd. For Overcharging

Cipla Ltd and Ranbaxy Laboratories Ltd have been issued preliminary notices, under the Drugs (Price) Control Order 2013, by the government for overcharging consumers for medicines, a government source told Cogencis on Friday. The government has issued 87 such preliminary notices to various drug makers for overcharging, the source added. The new drug pricing policy recommends market-based pricing, allowing manufacturers to sell medicines at an average price of all brands that have more than 1% market share in a segment. The average price would act as a ceiling price for that particular drug.

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